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Lina purchased a new car for use in her business during 2022. The auto was the only business asset she purchased during the year, and

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Lina purchased a new car for use in her business during 2022. The auto was the only business asset she purchased during the year, and her business was extremely profitable. Calculate her maximum depreciation deductions (including $179 expense unless stated otherwise) for the automobile in 2022 and 2023 (Lina doesn't want to take bonus depreciation for 2022 or 2023 ) in the following alternative scenarios (assuming half-year convention for all): (Use MACRS Table 1. Table 2, and Exhibit 10-10.) Problem 10-67 Part e (Algo) e. The vehicle cost $84,000, and she used it 20 percent for business. Answer is complete but not entirely correct. EXHIBIT 10-10 Automobile Depreciation Limits Iable I MACRS Half-Year Convention Lina purchased a new car for use in her business during 2022. The auto was the only business asset she purchased during the year, and her business was extremely profitable. Calculate her maximum depreciation deductions (including $179 expense unless stated otherwise) for the automobile in 2022 and 2023 (Lina doesn't want to take bonus depreciation for 2022 or 2023 ) in the following alternative scenarios (assuming half-year convention for all): (Use MACRS Table 1. Table 2, and Exhibit 10-10.) Problem 10-67 Part e (Algo) e. The vehicle cost $84,000, and she used it 20 percent for business. Answer is complete but not entirely correct. EXHIBIT 10-10 Automobile Depreciation Limits Iable I MACRS Half-Year Convention

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